Bifalgorithm post

So in terms of the corporate tax rate, so how it works is any small business, so any business making under $500,000 in net revenue or in profit, let's say, so that's after the expenses are deducted, anything that makes under $500,000 they are taxed at 20% in a corporation. If you compare that to on the personal side, anything you know north of like $200,000 is taxed, you know, in Canada, at least between like 50 to 55% or something around those lines between the federal and the provincial. So your tax at a much higher rate on the personal side compared to if you keep a lot of money in the corp. Now there is a catch here because you're taxed at a lower rate in the corp once you take out money on the personal side you're also taxed again. So you're double taxed going from corp to personal.

So in terms of the corporate tax rate, so how it works is any small business, so any business making under $500,000 in net revenue or in profit, let's say, so…